Energies spread betting markets may also be available through other companies. Notes.
2)Where can I find Live Spread Betting Prices for the Crude Oil Market?
For commodities spread bets please see the above tables. Where a company offers the relevant market they will also provide clients with live prices on that market.
3) Where can I find Live Charts / Candlestick Charts for the Crude Oil Market?
Spread betting companies often offer a variety of free data to their clients (accounts are subject to status, terms and conditions).
The most popular commodities data, apart from live prices, tends to be the candlestick charts. The time period of the charts can usually be varied. You can often alter the candlestick charts to show market movements in the order of 1 minute, 2 minutes, 5 minutes, 10minutes, 1 hour, 1 day or 1 week periods.
With a number of the charts you can also update the settings to help your technical analysis. For example you can add Bollinger Bands and 20, 50 and 100 point Moving Averages and commodities candlestick charts are currently available with:
Trading Charts?
Spread betting charts may also be available from other companies. Notes.
Sample Brent Crude Oil Chart from Financial Spreads:
Sample US Oil Chart from Financial Spreads:
4) How do you Spread Bet on the Crude Oil Market to Go Up?
Crude Oil Spread Betting Example
If you are going to spread bet bet on Crude Oil eg US Oil then, looking at a spread betting site like Financial Spreads, you would currently see a spread trading price of $73.60 - $73.66.
Therefore, you could bet on US Oil to go above $73.66 or below $73.60.
When you spread bet, you trade on every unit the market goes up or down. In the case of the US Crude market a unit is $0.01 of the commodity's price movement.
So, you might decide to trade £2 for every $0.01 US Oil rises or falls.
Betting on the Market to Go Up
If you were to go long of US Oil at $73.66 and the commodity went up then you might see the spread move to $74.40 - $74.46. If that were to happen, you might choose to close your bet for a profit by selling at $74.40.
P&L = (settlement price of the market - initial price of the market) x stake per $0.01
P&L = ($74.40 - $73.66) x £2 per $0.01 stake
P&L = $0.74 x £2 per $0.01
P&L = £148 profit
However, if the market decreased to $73.00 - $73.06, you may decide to close your bet to restrict your losses. Therefore, you would sell your spread bet at $73.00.
Therefore, with the same £2 per $0.01 stake:
P&L = (settlement price of the market - initial price of the market) x stake per $0.01
P&L = ($73.00 - $73.66) x £2 per $0.01 stake
P&L = -$0.66 x £2 per $0.01
P&L = -£132 loss
5) How do you Spread Bet on the Crude Oil Market to Go Down?
One major advantage of placing a spread bet is that investors can short the markets.
To start with, the spread betting price was $73.60 - $73.66.
If you were to go short of US Oil at $73.60 and the commodity decreased then the market might be re-priced at $72.84 - $72.90. In that case, you could close your spread bet for a profit, if so you would buy at $72.90.
P&L = (initial price of the market - settlement price of the market) x stake per $0.01
P&L = ($73.60 - $72.90) x £2 per $0.01 stake
P&L = $0.70 x £2 per $0.01
P&L = £140 profit
Conversely, if the market had increased to, for example, $74.17 - $74.23, you may want to close your spread bet to restrict your losses. If so, you would buy the market at $74.23.
You would close your bet with the same £2 per $0.01 stake:
P&L = (initial price of the market - settlement price of the market) x stake per $0.01
P&L = ($73.60 - $74.23) x £2 per $0.01 stake
P&L = -$0.63 x £2 per $0.01
P&L = -£126 loss
US Crude Futures spread betting market taken as of 17-Dec-09.
6) Where can I find more on Spread Betting on Commodities?
You can also spread bet on Brent Crude Oil in Dollars per ¢ and Euro per ¢
You can also spread bet on:
Nymex Crude Oil (also known as West Texas Intermediate or WTI)
Daily Crude Oil markets eg Rolling Daily Brent Crude Oil and Rolling Daily Nymex
Daily Indices markets eg FTSE 100 Rolling Daily and FTSE 250 Rolling Daily
Some companies to not offer Crude Oil Daily markets, only Futures Crude Oil Markets. However with Crude Oil, the Spread on Futures is often similar or better value than to the spread on the Daily market quoted by other firms
Note - Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.
'Crude Oil Spreads', Guide by D. Jones, last update: 30-Jul-10
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Risk Warning:
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to your capital and you can lose more than your initial investment,
it may not be suitable for all investors. Ensure you only
speculate with money that you can afford to lose and that you fully
understand the risks involved and seek independent financial advice where necessary.
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